Money Converters has compensated an overall total of $1.35 million for 30 infringement notices.
ABC News: Giulio Saggin, file picture
Payday loan provider money Converters will refund customers huge amount of money and spend an infringement notice after a study because of the Securities that is australian and Commission (ASIC).
- Refunds on 118,000 credit that is small
- Money Converters to refund $10.8 million in costs
- ASIC claims money Converters violated accountable financing responsibilities
The refunds relate solely to 118,000 amount that is small agreements, or loans. (more…)